Andrew joins this week’s podcast, and we discuss a metric we love but think many people likely don’t track. We explain the lifetime gross savings rate (aka lifetime wealth ratio), how to calculate it, and why we like this particular metric. This is the one metric that can encapsulate your lifetime financial progress combined with the efficiency of your earnings. It’s also one of a few metrics that allows you to benchmark yourself against others and normalize and adjust for different earnings and income levels.
Show References:
- Andrew’s Blog: Annual financial review – get your financial life in shape
- friends on FIRE podcast #027 – Why Tracking Net Worth Matters
- Social Security Website: Access your social security statement online
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